Legal & regulatory Dec24

Which of the following is not a key element of KYC policy

• Risk Management
• Risk Based Pricing
• Monitoring of transactions
• customer identification procedure

A bank cant grant loan against its own shares as per

• Sec19(b)
• Sec21(3)
• Sec20(1)
• Sec21(b)

Pawnee refers to

• Pledge
• Bailment
• Assignment
• Lease

In case of collection of bills bank customer relation is

• Trustee-beneficiary
• Assignor-Assignee
• bailor-bailee
• Agent-principal

General lien is defined in

• sec170 of India contract act 1872
• sec 171 of Indian contract act 1872

• sec 173 of Indian contract act 1872

• sec 71 of Indian contract act 1872

Guarantee is defined under which section of Indian contract act 1872

• 126
• 127
• 128
• 130

Mortgage is defined in Section 58 of

• indian contract act 1872
• limitation act 1963
• transfer of property act 1882
• NI act 1881

As per which sec11 minor is incompetent to contract

• Indian minority act 1875
• transfer of property act 1872
• indian contract act 1872
• limitation act 1963

The age of majority of minor when guardian is appointed by the court

• 15
• 18
• 20
• 21

Who among the following can be the partner in a partnership firm ?

• HUF
• NBFC
• MINOR
• COMPANY